How much will you be giving your DC for a house deposit?

[purplecrayons1]

Mine are only little, buy we live in the south east and this is worrying me already. I'll never be able to give my kids the kind of money my parents did to help me on the ladder.

Jesus, I'm not on the property ladder myself since divorce

I know ppl who cannot buy Peckham has bought New Cross gate.

We managed to save £100 a month for each DC from the day they were born until their 18th birthday. Invested it in a Child trust fund, and then whilst DC were at Uni, reinvested into LISA's and S+P 500. They have about 23 years worth of growth and it will amount to about £50K each.
We couldn't have done it otherwise, we don't have the capital to give a huge chunk.

Genius - spx flying colours.

They can do what I had to do and move to a different part of the country (cheaper) to get on the housing ladder then work their way back. There is no right to buy a house exactly where you were born.

£0....15 years of single parenting and having to spend my entire savings paying off the huge debt he left me with, put paid to that.

I’m planning on downsizing and hoping to give them 25% of the cost of a small flat before they’re 30. My parents couldn’t have dreamt of doing that for their kids but I’ve only got one.

We have given ours £40k each and they have both added about £10-£20k themselves. We have just passed on a bit of what we inherited when our parents died.

My DD is 16 so we are trying desperately to save for her uni expenses and our retirement. In the sad event that our parents pass away DD can have a portion on our inheritance but may have to fend for herself for a bit. DH and I are mid fifties so don’t have many years left to build up our pensions.

£15 per month x 18 years so £3240 plus interest.

That's it. I didn't get any from my parents.

Nothing. Cant afford to and no wealthy grandparents

Absolutely nothing. She has more money than me. Actually she lent me the money to pay off my mortgage.

a clear case of the better off continuing to grow and the bottom of the ladder staying there

the bottom will never stand a chance It's deffo a case of im alright jack on here

Really not sure. I intend to help them with university and establishing themselves with a GOOD, smart career choice though.

Not everything you read on here is true.

My dd1 and her partner recently bought their first flat, 2-bed in the East End of Glasgow in an up and coming area. We gave £16k deposit and are mortgage guarantors.

We should have that for ds and dd2 when the time comes.

We're planning to save at least £30k in total, and will add lump sums from any inheritances we receive.

We also love travel, and will gladly fund a round the world trip in a gap year (probably secretly match fund as a surprise).

We're sticking to one child though, which probably helps.

Anything could happen in your lives or theirs, seriously stop worrying about it.

Similar to us. We're hoping to have something to give them but ultimately I would like them to live at home and save. I wouldn't charge rent so they could put a large percentage of their income into savings every month.

What is the point of this post!

Why?

DH and I got nothing from our parents and became happy and successful adults who did not mind making our own way in the world. We are in our early 40's so houses weren't cheap when we bought but managed without a handout. Please don't feel bad about not being able to give anything. Your DC will figure it out.

I’m hoping £20k-£30k but she’s currently 5 months with £600 saved. Also hoping my parents help her out as my nana gifted me £20k for our first house.

I'm mid 20s under offer on a flat in a soon to be gentrified area in London (zone 4) offer was £280k and I'm putting a 5% deposit down. I earn just over the average London salary but under £100k.

its been extremely hard but I'm thankful I did it

Probably nothing. I received nothing and I don’t expect an inheritance to come my way either which means I can’t pass anything on